India approves relief measures for telecom sector -source
By
Biju Kumar
India’s federal cabinet on Wednesday approved a much-expected relief package for the country’s cash-strapped telecoms sector, a senior government source said.
Shares in wireless carriers Bharti Airtel NSE -0.03 % rose 5.4% and Vodafone Idea NSE 21.23 % were up 2.9% at 0816 GMT on the news.